Saab/Hawtai investment deal 'terminated'
Spyker, which owns Saab, confirmed the deal with Chinese car manufacturer Hawtai was terminated after the investor was 'not able to obtain all the necessary consents.'
A statement from Spyker says: 'The parties will continue discussions about a possible deal, however it will now be on a non-exclusive basis.'
Saab is also trying to obtain funding from the European Investment Bank to secure short- and medium-term funding.
Without funding in place, the production lines at Saab's Trollhattan factory remain idle.
The company also needs money to finish work on its all-new 9-3 due next year.
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